STSC
ActiveSummary
STSC has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €154,052 and a net result of -€2,012. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 73% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability29▼-41
Solvency86▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity tight (current ratio 1.06 against 0.71 in 2024; short-term debt: 9.8% and cash: 1.9% of total assets), and 39.3% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
31 d late
2023
31 d late
2022
99 d late
2021
60 d late
2020
31 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 49 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 1 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€154,052▼ 1.3%
2024 · €156,065
Total assets
€253,613▼ 11.1%
2024 · €285,220
Net result
-€2,012
2024 · €3,414
Working capital
€1,417
2024 · -€12,912
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€32,684▲ 5.8%€15,453▼ 52.7%€8,448▼ 45.3%€9,400▲ 11.3%€346▼ 96.3%
Net result€21,674within the sector's middle half▼ 12.4%€8,202within the sector's middle half▼ 62.2%€793within the sector's middle half▼ 90.3%€3,414within the sector's middle half▲ 331%-€2,012within the sector's middle half
Equity€143,655within the sector's middle half▲ 17.8%€151,858within the sector's middle half▲ 5.7%€152,650within the sector's middle half▲ 0.5%€156,065within the sector's middle half▲ 2.2%€154,052within the sector's middle half▼ 1.3%
Total assets€542,674within the sector's middle half▲ 54.6%€328,000within the sector's middle half▼ 39.6%€308,054within the sector's middle half▼ 6.1%€285,220within the sector's middle half▼ 7.4%€253,613within the sector's middle half▼ 11.1%
Debt€399,019▲ 74.2%€176,142▼ 55.9%€155,404▼ 11.8%€129,156▼ 16.9%€99,561▼ 22.9%
Working capital-€53,986within the sector's middle half-€41,813within the sector's middle half▲ 22.5%-€31,492within the sector's middle half▲ 24.7%-€12,912within the sector's middle half▲ 59.0%€1,417within the sector's middle half
Solvency26.5%within the sector's middle half▼ 8.3pp46.3%within the sector's middle half▲ 19.8pp49.6%within the sector's middle half▲ 3.3pp54.7%within the sector's middle half▲ 5.2pp60.7%within the sector's middle half▲ 6.0pp
Current ratio0.46within the sector's middle half▼ 0.820.43within the sector's middle half▼ 0.030.49within the sector's middle half▲ 0.060.71within the sector's middle half▲ 0.211.06within the sector's middle half▲ 0.35
Return on assets (ROA)4.0%within the sector's middle half▼ 3.1pp2.5%within the sector's middle half▼ 1.5pp0.3%within the sector's middle half▼ 2.2pp1.2%within the sector's middle half▲ 0.9pp-0.8%within the sector's middle half▼ 2.0pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 96% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €253,613
Fixed assets
€227,302 ▼ 10.6%
Current assets
€26,311 ▼ 15.3%
Equity and liabilities €253,613
Equity
€154,052 ▼ 1.3%
Debt
€99,561 ▼ 22.9%
Debt's share of the balance-sheet total falls from 45.3% to 39.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2,713▼
2024 · €24,512
Cash flow
€355▼
2024 · €18,527
Debt to equity
0.65▼
2024 · 0.83
ROE
-1.3%▼
2024 · 2.2%
Interest coverage
1.32▼
2024 · 10.58
Debt ≤ 1 year
€24,895▼
2024 · €43,969
Debt > 1 year
€74,666▼
2024 · €84,000
Income taxes
€368▼
2024 · €3,676
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,685 | €28,319 | €19,176 | €15,112 | €2,367 | ▼ 84.3% |
| Other operating charges640/8 | €5,617 | €8,824 | €2,922 | €6,079 | €4,030 | ▼ 33.7% |
| Gross operating margin9900 | €70,986 | €52,595 | €30,546 | €30,591 | €6,743 | ▼ 78.0% |
| Operating profit (loss)9901 | €32,684 | €15,453 | €8,448 | €9,400 | €346 | ▼ 96.3% |
| Financial income75/76B | €18 | - | €2 | €7 | €61 | ▲ 805% |
| Recurring financial income75 | €18 | - | €2 | €7 | €61 | ▲ 805% |
| Financial charges65/66B | €8,686 | €6,159 | €5,095 | €2,317 | €2,051 | ▼ 11.5% |
| Recurring financial charges65 | €8,686 | €6,159 | €5,095 | €2,317 | €2,051 | ▼ 11.5% |
| Profit (loss) for the period before taxes9903 | €24,016 | €9,294 | €3,355 | €7,090 | -€1,644 | ▼ 123% |
| Income taxes67/77 | €2,342 | €1,092 | €2,562 | €3,676 | €368 | ▼ 90.0% |
| Profit (loss) for the period9904 | €21,674 | €8,202 | €793 | €3,414 | -€2,012 | ▼ 159% |
| Profit (loss) for the period to be appropriated9905 | €21,674 | €8,202 | €793 | €3,414 | -€2,012 | ▼ 159% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €542,674 | €328,000 | €308,054 | €285,220 | €253,613 | ▼ 11.1% |
| Fixed assets21/28 | €496,090 | €296,337 | €277,475 | €254,163 | €227,302 | ▼ 10.6% |
| Tangible fixed assets22/27 | €496,090 | €296,337 | €277,475 | €254,163 | €227,302 | ▼ 10.6% |
| Land and buildings22 | €439,582 | €264,809 | €258,343 | €246,940 | €224,191 | ▼ 9.2% |
| Plant, machinery and equipment23 | €10,331 | €7,455 | €925 | €607 | €288 | ▼ 52.5% |
| Furniture and vehicles24 | €46,177 | €24,074 | €18,207 | €6,616 | €2,823 | ▼ 57.3% |
| Current assets29/58 | €46,584 | €31,662 | €30,579 | €31,057 | €26,311 | ▼ 15.3% |
| Amounts receivable within one year40/41 | €44,899 | €3,556 | €4,861 | €2,308 | €8,062 | ▲ 249% |
| Trade receivables40 | €44,345 | €1,609 | €3,074 | €1,436 | €4,213 | ▲ 193% |
| Other amounts receivable41 | €555 | €1,948 | €1,787 | €872 | €3,849 | ▲ 341% |
| Current investments50/53 | €38 | €23,038 | €10,039 | €8,046 | €13,089 | ▲ 62.7% |
| Cash at bank and in hand54/58 | €1,023 | €4,442 | €14,948 | €20,251 | €4,706 | ▼ 76.8% |
| Deferred charges and accrued income490/1 | €624 | €626 | €731 | €452 | €454 | ▲ 0.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €542,674 | €328,000 | €308,054 | €285,220 | €253,613 | ▼ 11.1% |
| Equity10/15 | €143,655 | €151,858 | €152,650 | €156,065 | €154,052 | ▼ 1.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | €6,200 | €6,200 | €6,200 | - | - | - |
| Other1109/19 | €6,200 | €6,200 | €6,200 | - | - | - |
| Reserves13 | €137,455 | €145,658 | €146,450 | €149,865 | €147,852 | ▼ 1.3% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €135,595 | €143,798 | €146,450 | €149,865 | €147,852 | ▼ 1.3% |
| Amounts payable17/49 | €399,019 | €176,142 | €155,404 | €129,156 | €99,561 | ▼ 22.9% |
| Amounts payable after more than one year17 | €298,449 | €102,667 | €93,333 | €84,000 | €74,666 | ▼ 11.1% |
| Financial debts170/4 | €298,449 | €102,667 | €93,333 | €84,000 | €74,666 | ▼ 11.1% |
| Amounts payable within one year42/48 | €100,570 | €73,476 | €62,071 | €43,969 | €24,895 | ▼ 43.4% |
| Current portion of amounts payable after more than one year42 | €34,997 | €23,878 | €9,333 | €9,333 | €9,333 | = |
| Trade debts44 | €3,000 | €2,879 | €688 | - | - | - |
| Suppliers440/4 | €3,000 | €2,879 | €688 | - | - | - |
| Taxes, remuneration and social security45 | €7,620 | €3,052 | €7,806 | €7,593 | €734 | ▼ 90.3% |
| Taxes450/3 | €7,620 | €3,052 | €7,806 | €7,593 | €734 | ▼ 90.3% |
| Other amounts payable47/48 | €54,953 | €43,667 | €44,243 | €27,043 | €14,827 | ▼ 45.2% |
| Accrued charges and deferred income492/3 | - | - | - | €1,187 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,674 | €8,202 | €793 | €3,414 | -€2,012 | ▼ 159% |
| + Depreciation and write-downs630 | €32,685 | €28,319 | €19,176 | €15,112 | €2,367 | ▼ 84.3% |
| Operating cash flow (approximation) | €54,359 | €36,521 | €19,969 | €18,527 | €355 | ▼ 98.1% |
| Investment in fixed assets (approximation) | - | €171,434 | -€314 | €8,200 | €24,493 | ▲ 199% |
| Change in cash | - | €3,418 | €10,506 | €5,303 | -€15,545 | ▼ 393% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 99 days late
2022
31-12
Financial
Equity above €150,000Eq €151,858 ▲5.7%
3 profitable years in a row build equity to €151,858.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €24,737
Net result €24,737 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.28
Current ratio from 0.48 to 1.28; short-term debt falls from €45,889 to €22,921.
31-12
Financial
Equity above €100,000Eq €121,982 ▲25.4%
Equity rises from €97,244 to €121,982.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Edegem · 1 establishment unit since 2003
Ground area
183 m²
Building footprint
80 m²
Volume, LiDAR
497 m³
Parcel 11472B0151/00Y006, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mechelsesteenweg 212, 2650 Edegem
since 20032.131.638.148
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11472B0151/00Y006 | Flanders | 183 m² | 1 · 80 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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KANTOOR TIJL JANSEGERS AALST
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AMELOT PROPERTIES
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FEAN
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Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. 5,263 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-05-2003
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
74201Photography, excluding press photography
93199Other sports activities
94110Activities of business and employers' organisations
96999Other personal services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0480102884
Also
9925:BE0480102884
Registered
20-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.